Dernières nouvelles pour Black Hills (NYSE:BKH) Stock

Black Hills

Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities and Gas Utilities segment. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from gas utilities.

Black Hills Corp

Black Hawk Acquisition Corporation - Class A Ordinary Shares

Black Hawk Acquisition Corp

Black Hawk Acquisition Corporation - Rights

Black Hawk Acquisition Corporation - Units

BANK HAPOLAM BM ORD by Bank Hapoalim B.M.

Bank Hapoalim BM

BANK HAPOALIM B.M.ADR144A by Bank Hapoalim B.M.

BNY Mellon High Yield ETF

BANK HAPOALIM B.M. S/ADR by Bank Hapoalim B.M.

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Merck, Black Hills, and Virtus Investment Partners have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 4-6%.
Merck
Merck (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) is a healthcare company that manufactures pharmaceutical products to treat various conditions in many therapeutic areas, including cardiometabolic disease, cancer and infections.&nbsp;
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Merck has raised its dividends every year for the last 14 years. According to its most recent dividend hike announcement on Nov. 19, the company increased the quarterly payout from $0.77 to $0.81 per share, equal to an annual figure of $3.24 per share. The current dividend yield on the stock is 4.09%.&nbsp;
Merck&#8217;s annual revenue as of Dec. 31 stood at $64.17 billion. In its Q4 2024 earnings report on Feb. 4, it posted revenues of $15.62 billion and EPS of $1.72. Both figures beat the Street estimates.
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Black Hills
Black Hills Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) operates as an electric and natural gas utility company in the U.S.&nbsp;
Black Hills has raised its dividends every year for the last 55 years. In its most recent dividend hike announcement on Jan. 24, it increased the quarterly payout from $0.65 to $0.676 per share, which is equal to an annual figure of $2.70 per share. Currently, the dividend yield on the stock is 4.63%.
Black Hills&#8217; annual revenue as of Dec. 31 stood at $2.13 billion. As per the company&#8217;s Q4 2024 earnings release on Feb. 5, it posted revenues of $597.10 million, missing the consensus of $944 million, while EPS of $1.37 came in above the consensus estimate of $1.34.
How to put $100 in your retirement fund each month with Black Hills stock? Check out this <a href="https://www.benzinga.com/markets/25/01/43313814/how-to-put-100-in-your-retirement-fund-each-month-with-black-hills-stock">article by Benzinga</a> to learn more.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
Virtus Investment Partners
Virtus Investment Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients.&nbsp;
Virtus has raised its dividends consecutively for the past seven years. In its most recent dividend hike announcement on Aug. 15, the company's board increased its quarterly payout by 18% to $2.25 per share, which is equal to $9 per share annually. More recently, in its dividend announcement on Feb. 27, the company maintained the payout at the same level. The current dividend yield on the stock is 5.95%.
Its annual revenue as of Dec. 31 stood at $902.82 million. In its most recent earnings release on Jan. 31, the company posted Q4 2024 revenues of $233.49 million and EPS of $7.50. Both figures came in above the consensus estimates.
Merck, Black Hills, and Virtus Investment Partners are good choices for investors seeking reliable passive income. Their dividend yields of around 4-6% and long history of consistent hikes make them attractive to income-focused investors.
Check out this <a href="https://www.benzinga.com/personal-finance/25/04/44778984/why-regency-centers-cme-group-and-trinity-industries-are-winners-for-passive-income">article by Benzinga</a> for three more stocks offering high dividend yields.
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</ul>
Image: Shutterstock

Personal Finance

VRTS

Why Merck, Black Hills, And Virtus Investment Partners Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Fidelity National Financial, Kimberly-Clark, and Black Hills have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.
Fidelity National Financial
Fidelity National Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) provides various insurance products in the U.S. It offers title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products.
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Fidelity National Financial has raised its dividends every year for the last 13 years. According to its most recent dividend hike announcement on Nov. 7, its board increased the quarterly payout by 4% to $0.50 per common share, which is equal to an annual figure of $2 per share. The current yield on the stock is 3.09%.
The company's annual revenue as of Dec. 31 stood at $13.36 billion. In its Q4 2024 earnings release on Feb. 20, Fidelity posted revenues of $3.62 billion and EPS of $1.34. Both figures beat the Street expectations.&nbsp;
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/42782796/fidelity-national-finl-stock-a-deep-dive-into-analyst-perspectives-5-ratings">article by Benzinga</a> for five analysts' insights on Fidelity National Financial.
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Kimberly-Clark
Kimberly-Clark Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) manufactures and markets personal care products in the U.S.
It has raised its dividends consecutively for the last 53 years. In its most recent dividend hike announcement on Jan. 28, the company increased the quarterly payout by 3.3% to $1.26 per share, equaling an annual figure of $25.04. Currently, the dividend yield on the stock is 3.52%.
Kimberly-Clark&#8217;s annual revenue as of Dec. 31 stood at $20.06 billion. According to the company&#8217;s Q4 2024 earnings release on Jan. 28, it posted revenues of $4.93 billion, beating the consensus estimate of $4.86 billion, while EPS of $1.50 came in below the consensus of $1.51.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43200296/demystifying-kimberly-clark-insights-from-8-analyst-reviews">article by Benzinga</a> for eight analysts' evaluations of Kimberly-Clark.&nbsp;
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Black Hills
Black Hills Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) operates as an electric and natural gas utility company in the U.S.&nbsp;
Black Hills has increased its dividends every year for the last 55 years. In its most recent dividend hike announcement on Jan. 24, the company's board raised the quarterly payout from $0.65 to $0.676 per share, or $2.70 per share annually. Currently, the dividend yield on the stock stands at 4.37%.
Black Hills' annual revenue as of Dec. 31 stood at $2.13 billion. According to the company's Q4 2024 earnings announcement on Feb. 5, it posted quarterly revenues of $597.10 million, missing the consensus estimate of $944 million, while EPS of $1.37 beat the consensus of $1.34.
Fidelity National Financial, Kimberly-Clark, and Black Hills are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 4% and long history of consistent hikes make them attractive to income-focused investors.
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<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Why Fidelity National Financial, Kimberly-Clark, And Black Hills Are Winners For Passive Income

Phillip Casey, SVP and CLO at Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>), reported an insider buy on February 10, according to a new SEC filing. 
What Happened: Casey's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001130464/000159396825000190//Archives/edgar/data/1130464/000159396825000190/0001593968-25-000190-index.htm">U.S. Securities and Exchange Commission</a> on Monday, involves purchasing 6,797 shares of Black Hills. The total transaction value is $404,149.
During Tuesday's morning session, Black Hills shares down by 0.63%, currently priced at $59.3.
<h3>Unveiling the Story Behind Black Hills</h3>
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.
<h3>Financial Insights: Black Hills</h3>
Negative Revenue Trend: Examining Black Hills's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -1.35% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 40.21%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Black Hills's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.35.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 1.24, Black Hills adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 15.26 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.96, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 11.05 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001130464">Check Out The Full List Of Black Hills's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

SVP and CLO Of Black Hills Makes $404K Buy

A significant insider buy by Linden Evans, President and CEO at Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>), was executed on February 10, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001130464/000159396825000191//Archives/edgar/data/1130464/000159396825000191/0001593968-25-000191-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Evans increased their investment in Black Hills by purchasing 19,661 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $1,169,043.
Black Hills's shares are actively trading at $59.3, experiencing a down of 0.63% during Tuesday's morning session.
<h3>Unveiling the Story Behind Black Hills</h3>
Black Hills Corp is a U.S.-based energy company that operates through its Electric Utilities, Gas Utilities, Corporate and Other segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.
<h3>Black Hills's Financial Performance</h3>
Revenue Challenges: Black Hills's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -1.35%. This indicates a decrease in top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 40.21%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Black Hills's EPS reflects a decline, falling below the industry average with a current EPS of 0.35.
</li>
</ul>
Debt Management: Black Hills's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.24.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 15.26, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 1.96, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.05, Black Hills's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>The Importance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001130464">Check Out The Full List Of Black Hills's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Positive Signal: Linden Evans Shows Faith, Buying $1.17M In Black Hills Stock

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and lowers the price target from $67 to $66.

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Black Hills, Lowers Price Target to $66

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) released its Q4 earnings on Wednesday, February 5, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Black Hills beat estimated earnings by 2.0%, reporting an EPS of $1.37 versus an estimate of $1.34.
Revenue was up $5.40 million from the same period last year.
<h3>Overview of Past Earnings</h3>
In the previous quarter, the company missed on EPS by $0.17, resulting in a 1.0% drop change in the share price the following day.
Here's a look at Black Hills's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.25</td>
<td>1.70</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.33</td>
<td>1.87</td>
<td>1.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>446.19M</td>
<td>510.60M</td>
<td>683.04M</td>
<td>863.66M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>401.60M</td>
<td>402.60M</td>
<td>726.40M</td>
<td>591.70M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Black Hills management provided guidance for FY 2025, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Black Hills <a href="https://www.benzinga.com/quote/BKH/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Black Hills: Q4 Earnings Insights

The earnings results for Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) for Q4 were made public on Wednesday, February 5, 2025 at 04:15 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Black Hills beat estimated earnings by 2.0%, reporting an EPS of $1.37 versus an estimate of $1.34.
Revenue was up $5.40 million from the same period last year.
<h3>Earnings History Overview</h3>
The company missed on EPS by $0.17 in the last quarter, resulting in a 1.0% drop share price change the following day.
Here's a look at Black Hills's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.25</td>
<td>1.70</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.33</td>
<td>1.87</td>
<td>1.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>446.19M</td>
<td>510.60M</td>
<td>683.04M</td>
<td>863.66M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>401.60M</td>
<td>402.60M</td>
<td>726.40M</td>
<td>591.70M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Black Hills management provided guidance for FY 2025, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Black Hills <a href="https://www.benzinga.com/quote/BKH/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Black Hills Earnings Review: Q4 Summary

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) just disclosed its Q4 earnings on Wednesday, February 5, 2025 at 04:15 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Black Hills beat estimated earnings by 2.0%, reporting an EPS of $1.37 versus an estimate of $1.34.
Revenue was up $5.40 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
In the previous quarter, the company missed on EPS by $0.17, resulting in a 1.0% drop change in the share price the following day.
Here's a look at Black Hills's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.25</td>
<td>1.70</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.33</td>
<td>1.87</td>
<td>1.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>446.19M</td>
<td>510.60M</td>
<td>683.04M</td>
<td>863.66M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>401.60M</td>
<td>402.60M</td>
<td>726.40M</td>
<td>591.70M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Black Hills management provided guidance for FY 2025, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Black Hills <a href="https://www.benzinga.com/quote/BKH/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Black Hills Earnings Report: Q4 Overview

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) announced its Q4 earnings on Wednesday, February 5, 2025 at 04:15 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Black Hills beat estimated earnings by 2.0%, reporting an EPS of $1.37 versus an estimate of $1.34.
Revenue was up $5.40 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
Last quarter the company missed on EPS by $0.17 which was followed by a 1.0% drop in the share price the next day.
Here's a look at Black Hills's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.25</td>
<td>1.70</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.33</td>
<td>1.87</td>
<td>1.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>446.19M</td>
<td>510.60M</td>
<td>683.04M</td>
<td>863.66M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>401.60M</td>
<td>402.60M</td>
<td>726.40M</td>
<td>591.70M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Black Hills management provided guidance for FY 2025, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Black Hills <a href="https://www.benzinga.com/quote/BKH/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: Black Hills Q4

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported its Q4 earnings results on Wednesday, February 5, 2025 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Black Hills beat estimated earnings by 2.0%, reporting an EPS of $1.37 versus an estimate of $1.34.
Revenue was up $5.40 million from the same period last year.
<h3>Previous Earnings Records</h3>
Last quarter the company missed on EPS by $0.17 which was followed by a 1.0% drop in the share price the next day.
Here's a look at Black Hills's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.25</td>
<td>1.70</td>
<td>1.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.33</td>
<td>1.87</td>
<td>1.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>446.19M</td>
<td>510.60M</td>
<td>683.04M</td>
<td>863.66M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>401.60M</td>
<td>402.60M</td>
<td>726.40M</td>
<td>591.70M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Black Hills management provided guidance for FY 2025, expecting earnings between $4.0 and $4.2 per share.
To track all earnings releases for Black Hills <a href="https://www.benzinga.com/quote/BKH/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Summary: Black Hills Q4

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) is looking for FY2025 GAAP EPS of $4.00-4.20 vs $4.09 analyst estimate..

Guidance

Black Hills Sees FY2025 GAAP EPS $4.00-4.20 vs $4.09 Est

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $1.28 by 7.03 percent. This is a 17.09 percent increase over earnings of $1.17 per share from the same period last year. The company reported quarterly sales of $597.10 million which missed the analyst consensus estimate of $881.35 million by 32.25 percent. This is a 0.91 percent increase over sales of $591.70 million the same period last year.

Earnings Beats

Earnings Misses

Black Hills Q4 EPS $1.37 Beats $1.28 Estimate, Sales $597.10M Miss $881.35M Estimate

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Earnings Scheduled For February 5, 2025

Black Hills Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) today announced that its board of directors approved a quarterly dividend of $0.676 per share, an increase of $0.026 per share over last quarter's dividend. Common shareholders of record at the close of business on Feb. 18, 2025, will receive $0.676 per share, payable March 1, 2025.
"This dividend increase reflects the confidence we have in our team, strategy and long-term growth," said Linn Evans, president and CEO of Black Hills Corp.&nbsp;
The new annualized rate represents 55 consecutive years of annual dividend increases and is the second longest track record in the electric and natural gas utility industry.
This dividend announcement marks 83 consecutive years that Black Hills has paid annual dividends, starting in February 1942 when its predecessor company, Black Hills Power &amp; Light Company, was newly incorporated.

Dividends

Black Hills Corp. Announces Increase In Quarterly Dividend From $0.65 To $0.676 Per Share

The approximately 260-mile transmission project will support current and growing energy needs of the company's Wyoming customers, including data centers, while reducing dependence on third-party transmission systems.&nbsp;

Black Hills Says Wyoming Electric Utility Has Successfully Placed In Service The Initial 12-mile Segment

Scotiabank analyst Andrew Weisel maintains Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) with a Sector Perform and raises the price target from $63 to $67.

Scotiabank Maintains Sector Perform on Black Hills, Raises Price Target to $67

Black Hills Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility's last general rate filing in 2021.
"We are pleased to receive approval of a settlement that supports our commitment to our Iowa customers and communities to deliver safe and reliable natural gas service," said Linn Evans, president and CEO of Black Hills Corp. "Our investments made on behalf of our customers are essential to supporting continued resilience of our Iowa natural gas system."
The approved black box settlement agreement will generate approximately $15 million of new annual revenues based on a weighted average cost of capital of 7.21%. In January 2025, final approved rates will replace interim rates in place since May 11, 2024.

Black Hills Energy Received Approval From The Iowa Utilities Commission Of A Settlement Agreement For New Rates. The New Rates Are Designed To Recover ~$100M Of Pipeline System Investments Since The Utility's Last General Rate Filing In 2021; The Approved Black Box Settlement Agreement Will Generate ~$15M Of New Annual Revenues Based On A Weighted Average Cost Of Capital Of 7.21%

2024 EARNINGS GUIDANCE REAFFIRMED
Black Hills reaffirms its guidance issued on Feb. 7, 2024, for 2024 earnings per share available for common stock to be in the range of $3.80 to $4.00, which was based on the following assumptions:
<ul>
<li>Normal weather conditions within our utility service territories including temperatures, precipitation levels and wind conditions;</li>
<li>Normal operations and weather conditions for planned construction, maintenance and/or capital investment projects;</li>
<li>Constructive and timely outcomes of utility regulatory dockets;</li>
<li>No significant unplanned outages at our generating facilities;</li>
<li>Equity issuance of $170 million to $190 million through the at-the-market equity offering program; and</li>
<li>Production tax credits of approximately $18 million associated with wind generation assets.</li>
</ul>
During the first nine months of 2024, Black Hills issued equity within the forecasted range, completed the sale of production tax credits, and mitigated the financial impacts of mild weather and unplanned generation outages.

Black Hills Corp Sees FY24 EPS $3.80-$4.00 Vs $3.92 Est.

Black Hills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.52 by 32.69 percent. This is a 47.76 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $401.60 million which missed the analyst consensus estimate of $446.19 million by 9.99 percent. This is a 1.35 percent decrease over sales of $407.10 million the same period last year.

Black Hills Q3 EPS $0.35 Misses $0.52 Estimate, Sales $401.60M Miss $446.19M Estimate

BofA Securities analyst Ross Fowler reinstated coverage on four US utilities in the Great Plains.
The analyst reinstated the Buy rating at Evergy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) and MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>).
Meanwhile, Fowler reinstated the Neutral rating on OGE Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) and Underperform rating on Black Hills Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>).
EVRG: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/evrg/analyst-ratings" target="_blank" rel="noreferrer noopener">price target at $66</a>. The analyst says that despite trading at a 10% discount compared to peers on a 2026E P/E basis, the improving Kansas regulatory environment, which supports higher rate base growth, appears undervalued.
The analyst estimates FY24, FY25 and FY26E EPS at $3.86, $4.09 and $4.30, respectively, all above consensus.&nbsp;&nbsp;
Fowler writes that consensus EPS estimates for FY26 and FY27 remain largely unchanged despite the benefits from House Bill 2527.
MDU: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/mdu/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $28</a>. Fowler believes the current 15% discount to the electric utility peer group is unjustified, considering MDU&#8217;s ongoing transition to a pure-play regulated utility and pipeline operator, along with its projected 6-8% EPS growth rate through the planning period.
Although the company&#8217;s multi-jurisdictional presence may lead to some delays in recovery, the analyst expects sustained support for earned ROEs at the electric utility, driven by a strong pipeline of data center customer connections in areas experiencing transmission congestion.
Also Read: <a href="https://www.benzinga.com//node/40112086" target="_blank" rel="noreferrer noopener">August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans</a>
OGE: The analyst <a href="https://www.benzinga.com/quote/oge/analyst-ratings" target="_blank" rel="noreferrer noopener">reinstated Neutral rating with a $40 price target</a>. While the analyst values OGE&#8217;s execution and growth potential from data center and crypto-mining load, the challenging regulatory environment in Oklahoma and significant capital investments needed for resource adequacy present risks.
Fowler expects EPS estimates of $2.14, $2.28, and $2.43 for FY24, FY25, and FY26, respectively, in line with consensus estimates.
BKH: The analyst <a href="https://www.benzinga.com/quote/bkh/analyst-ratings">reinstated Underperform rating with a $59 price target</a>. The analyst says that BKH&#8217;s electric utility operations are poised for growth with rising residential, commercial, and data center load, which currently contributes 5% to EPS and is expected to exceed 10% by 2028.
Fowler expects rate base expansion opportunities in South Dakota and Colorado to support a 7%+ CAGR. However, $1.6 billion in debt maturities from 2023 to 2028, with a 3.03% average interest rate, could create a ~$0.50 EPS headwind, exacerbating risks given BKH&#8217;s already low 4-6% target EPS CAGR, adds the analyst.
Fowler anticipates EPS estimates of $3.88, $4.13, and $4.35 for FY24, FY25, and FY26, below the consensus estimates of $3.92, $4.14, and $4.40, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40839765" target="_blank" rel="noreferrer noopener">GM Eyes US-Made Chinese Batteries In Deal With Japan&#8217;s TDK: Report</a></li>
</ul>

Analyst Color

Equities

Large Cap

Mid Cap

EVRG

Evergy, MDU Set For Growth But Black Hills Faces EPS Headwinds, Says BofA Analyst

Press Releases

General

Black Hills Corp. Natural Gas Utility Receives Approval for New Rates in Iowa

Black Hills Corp. Schedules 2024 Fourth-Quarter and Full-Year Earnings Release and Conference Call

Black Hills Corp. Energizes First Phase of Its Ready Wyoming Electric Transmission Expansion Project

Black Hills Corp. Announces Increase in Quarterly Dividend

Financing

Black Hills Corp. Requests Rate Review and Rider Renewal in Kansas

Black Hills Corp. Reports 2024 Fourth-Quarter and Full-Year Results and Initiates 2025 Earnings Guidance

Black Hills Corp. Announces Upcoming Investor Meetings

Black Hills Corp. Electric Utility Receives Approval for New Rates in Colorado

Black Hills Corp. Schedules 2025 First-Quarter Earnings Release and Conference Call

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